ON-Lion Letter

Since the 1970s, the U.S. government has been subsidizing the production -- or mandating the consumption -- corn ethanol.  Promoters of the fuel have made many claims about the alleged benefits of corn ethanol, including its lower cost, its ability to reduce carbon-dioxide emissions, and its ability to reduce America’s dependence on imported oil.  None of these claims is true, according to a November report from the Manhattan Institute (MI) in New York City by Robert Bryce.

Bryce is an MI senior fellow.  His work is substantially supported by The Lynde and Harry Bradley Foundation in Milwaukee.

Americans have spent a total of $170 billion on federal corn ethanol subsidies and mandates, he finds.  Corn ethanol emits more greenhouse gases than conventional gasoline, moreover, and it satisfies the equivalent of only three percent of U.S. oil demand -- having no noticeable effect on America's "energy independence."

"There is no economic, environmental, or national security basis for government support of the ethanol boondoggle," Bryce says.

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